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The Economic – UAE:
Al Hamra Real Estate Development Company has signed an agreement with Emaar Hospitality Group to manage the new Ruff Manar Mall in Ras Al Khaimah.
According to the MENA Herald website, the Hamra Group will begin construction of the 250 – room hotel, with various facilities later in the year.
The new hotel will have several connecting rooms for large families, The rooms are equipped with a 48-inch TV, a smart multimedia center, free Wi-Fi, of a 24-hour shop, an outdoor pool, a center
The Rove brand was developed as a joint venture between Emaar Properties and Maras Holding, and the brand has been launched locally from Dubai, with the aim of providing great value For business travelers and vacationers, the Rove Manar Mall is not the first Ruff hotel in Ras Al Khaimah In April, Rove Hotels has launched the Rove Al Marjan hotel in the emirate, which has 450 rooms, an outdoor pool with its surrounding deck, and a fitness center.
The Hamra group owns 25% of the rooms (Al-Manar Mall) for a cost of AED 367 million ($ 100 million).
The group's portfolio currently includes 4 hotels, including the Ritz-Carlton Hotel, and the Al Hamra Beach.
Emaar Hospitality plans to double its portfolio of hotels 4 times and expand to 58 hotel markets worldwide in the next few years. The existing portfolio of the company includes 2,500 hotel rooms in operation and 7,000 hotel rooms under development.
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